Pinkerton Wealth LLC Buys 367,655 Shares of ProShares Ultra S&P500 $SSO

Pinkerton Wealth LLC increased its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 118.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 677,536 shares of the real estate investment trust’s stock after purchasing an additional 367,655 shares during the quarter. ProShares Ultra S&P500 comprises about 4.0% of Pinkerton Wealth LLC’s portfolio, making the stock its 9th biggest position. Pinkerton Wealth LLC’s holdings in ProShares Ultra S&P500 were worth $39,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSO. Integrated Wealth Concepts LLC acquired a new stake in ProShares Ultra S&P500 during the 1st quarter worth $549,000. NewEdge Advisors LLC raised its stake in ProShares Ultra S&P500 by 199.8% during the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in ProShares Ultra S&P500 during the 1st quarter worth $41,524,000. Ausdal Financial Partners Inc. acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth $908,000. Finally, Bank of America Corp DE raised its stake in ProShares Ultra S&P500 by 519.0% during the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock worth $2,177,000 after acquiring an additional 18,683 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $66.79 on Thursday. The company’s fifty day moving average price is $58.64 and its 200 day moving average price is $58.27. ProShares Ultra S&P500 has a 12 month low of $42.53 and a 12 month high of $68.35. The firm has a market capitalization of $7.72 billion, a P/E ratio of 24.25 and a beta of 2.01.

About ProShares Ultra S&P500

ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.